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Tom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year. An ongoing audit of the program and pressure to diversify beyond mortgages are reasons to watch Lopp and Sterling in 2020.
December 27 -
A risk-based capital rule for Fannie Mae and Freddie Mac is expected to top the agenda in 2020 as the companies’ regulator executes plans for their release into the private sector.
December 26 -
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A new report from the National Credit Union Administration's Office of the Inspector General outlines what to expect in the year ahead following some 2019 scandals.
December 23 -
The central bank’s refusal to join the OCC and FDIC in revamping the Community Reinvestment Act sends an unmistakable message that their proposal is deeply flawed.
December 23California Reinvestment Coalition -
The company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%.
December 20 -
HELOCs and second mortgages at credit unions are on the decline amid increasing refis and shifts in consumer sentiment about borrowing against their home’s value.
December 20 -
The lawmakers say they need more information about the administration’s plans in order to conduct proper oversight.
December 17 -
Without admitting wrongdoing, the bank has agreed to contribute $10 million to city programs promoting homeownership for low- and moderate-income residents.
December 16 -
On Sep. 30, 2019. Dollars in thousands.
December 16